Archive for October 2016
Should You Use The Smart Technology In Your Apartments?
With smart technology like NEST Thermostats on the rise owners across the United States are using this technology in their apartments and rental properties but the big question is should you use this technology in your apartments especially if it will help your tenants? When most people think about future-proofing, wire—or, rather, the lack of…
Read More5 Key Research Findings About Tenants And Rentals
It’s been another HUGE year for the rental market in the Central Valley and across the United States but have things changed when it comes to tenants and rentals in 2016 compared to 2015? No. 1 – 74% of tenants like or love their rental, but 54% are likely to move out next year More…
Read MoreCentral Valley Rental Property – Is Subletting A Good or Bad Idea?
By RPM Central Valley – Over the years that you own Central Valley Rental Property you’re going to have to answer many questions from your tenants and one of those will be if you allow subletting at your rental property. What Is Subletting? The leasing of part or all of the property held by a tenant, as opposed to a landlord, during a portion of his or her unexpiredbalance of the term of occupancy. A landlord may prohibit a tenant from subletting the leased premises without the land-lord’s permission by including such aterm in the lease. When subletting is permitted, the original tenant becomes, in effect, the landlord of the sublessee. Thesublessee pays the rent to the tenant, not the landlord. The original tenant is not, however, relieved of his or herresponsibilities under the original lease with the landlord. A sublease is different from an assignment where a tenant assigns all of his or her rights under a lease to another. Theassignee takes the place of the tenant and must deal with the landlord provided the landlord permits it. The original tenant isno longer responsible to the landlord who consents to the termination of their landlord-tenant relationship. Source Should You Allow Subletting? Subletting totally depends on…
Read MoreShould You Accept A Partial Payment from Your Tenant?
By RPM Central Valley As someone who owns rental property in the Central Valley, or elsewhere in the United States, you may be asked by one of your tenants at some point if you would be open to accepting a partial payment for rent with them promising to pay half of the rent now and…
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